Friday, September 6, 2013

Lenovo CEO Shares Bonus With Employees

With
a large abundance of PC manufacturers out there all trying to sell you
the same things, Lenovo, a Chinese multinational technology firm, and
their CEO Yang Yuanqing are implementing some generous small business
tactics that may be contributing to their success. Lenovo has pushed
their way into the top of PC manufacturing, surpassing $34 billion in
sales. This company brings you all the day to day technology you would
use including PC's, tablets, workstations, servers, electronic storage
devices, and IT management software. Lenovo is also
becoming a smartphone manufacturer, with rumors saying that they may
even buy out Blackberry.

It's hard to ignore the apparent success
of Lenovo, and it's even harder not to connect it to the selfless
actions of their CEO, Yang Yuanqing.

Instead of simply pocketing
his $3+ million dollar bonus due to the company's success, Yang
Yuanqing took it upon himself to share his bonus with his 10,000
manufacturing employees. Although profit sharing is a fairly common
practice in small business, its quite rare nowadays for a CEO of a multi-billion dollar company to use this practice. Actions like this clearly
relate to the company's success because it motivates employees to work
harder when they know they will be rewarded for the company's
accomplishments.

Profit sharing is by no means something that is
expected of a CEO, but it definitely has its benefits. Attracting and
keeping good employees, increasing business performance, and raising
capital are just a few of the benefits that i believe Yang Yuanqing had
in mind while making this decision. I personally feel that actions like
this will play a large role in the future success of Lenovo, and if they
keep it up, you will continue to see them at the top of
the charts in PC manufacturing.